Home Loans for Self-Employed
Getting a home loan can be a tedious process, with forms to fill out and documents to submit. But if you’re self-employed or your primary income comes from commission or freelance work, you may face more challenges.
One of the first steps in applying for a home loan is the submission of documentary requirements, which the lender can use to verify your income. This is an easy requirement for those who are regularly employed as they just need to provide copies of their pay slips. Some lenders can even confirm sources online, which further hastens the process.
Documentary Requirements for Self-Employed Loans